Novo Nordisk A S
NVO- Exchange
- NYSE
- Industry
- Pharmaceutical Preparations
- SEC CIK
- 0000353278
No open-market purchases or sales by Novo Nordisk A S insiders were filed in the last 90 days; 1,355 institutions reported holding it in 13F filings for Q2 2026, worth $15.7B in total; superinvestors Markel Group and Maverick Capital hold it.
Other share classesNONOF
13F holders, Q4 2025
Institutional positions in Novo Nordisk A S as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 1,421
- +51 vs. Q3 2025
- Shares held
- 314.7M
- +14.5M (+4.8%) vs. Q3 2025
- Total value
- $16.0B
- −$655.4M (−3.9%) vs. Q3 2025
- New holders
- 234
- 445 more added
- Sold out
- 183
- 569 more reduced
31 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting NVO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,355 | $15.7B |
| Q1 2026 | 1,278 | $12.0B |
| Q4 2025 | 1,421 | $16.0B |
| Q3 2025 | 1,401 | $16.7B |
| Q2 2025 | 1,486 | $21.3B |
| Q1 2025 | 1,535 | $22.5B |
| Q4 2024 | 1,670 | $29.1B |
| Q3 2024 | 1,787 | $39.7B |
| Q2 2024 | 1,867 | $47.9B |
| Q1 2024 | 1,746 | $41.8B |
| Q4 2023 | 1,512 | $32.2B |
| Q3 2023 | 1,308 | $27.4B |
| Q2 2023 | 1,198 | $23.2B |
| Q1 2023 | 1,148 | $22.1B |
| Q4 2022 | 1,050 | $19.4B |
| Q3 2022 | 908 | $13.8B |
| Q2 2022 | 934 | $16.4B |
| Q1 2022 | 902 | $15.2B |
| Q4 2021 | 887 | $14.7B |
| Q3 2021 | 806 | $12.7B |
| Q2 2021 | 737 | $11.0B |
| Q1 2021 | 708 | $8.87B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Novo Nordisk A S; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Manufacturers Life Insurance Company, The | 137,207 | $7.03M | 0.01% | +137,207 | New |
| CWM, LLC | 137,726 | $7.01M | 0.02% | −8,067−5.5% | Reduced |
| Stamos Capital Partners, L.P. | 137,598 | $7.00M | 1.13% | +14,059+11.4% | Added |
| SCS Capital Management LLC | 136,599 | $6.95M | 0.07% | +409+0.3% | Added |
| Capital Fund Management S.A. | 136,202 | $6.93M | 0.07% | −98,540−42.0% | Reduced |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 107,398 | $6.75M | 0.06% | −4,623−4.1% | Reduced |
| Allworth Financial LP | 131,741 | $6.70M | 0.03% | +95,033+258.9% | Added |
| JustInvest LLC | 130,710 | $6.65M | 0.06% | −7,962−5.7% | Reduced |
| Hikari Power Ltd | 130,300 | $6.63M | 0.52% | 00.0% | Unchanged |
| Arrow Capital Pty Ltd | 130,000 | $6.61M | 6.34% | +60,000+85.7% | Added |
| Vestmark Advisory Solutions, Inc. | 128,397 | $6.53M | 0.09% | +68,501+114.4% | Added |
| Palisade Capital Management LLC | 127,098 | $6.47M | 0.19% | −1,324−1.0% | Reduced |
| Phoenix Holdings Ltd. | 122,154 | $6.21M | 0.07% | +15,608+14.6% | Added |
| Captrust Financial Advisors | 119,563 | $6.08M | 0.01% | −31,782−21.0% | Reduced |
| Evelyn Partners Asset Management Ltd | 118,579 | $6.03M | 1.42% | −2,879−2.4% | Reduced |
| RSM US Wealth Management LLC | 117,028 | $5.99M | 0.08% | −3,208−2.7% | Reduced |
| SFMG, LLC | 116,017 | $5.90M | 0.40% | +5,657+5.1% | Added |
| Sphera Funds Management Ltd. | 115,677 | $5.89M | 1.23% | +10,000+9.5% | Added |
| Money Concepts Capital Corp | 115,001 | $5.85M | 0.33% | +56,437+96.4% | Added |
| Martin Capital Partners, LLC | 114,991 | $5.85M | 2.20% | −2,586−2.2% | Reduced |
| McMillan Office, Inc. | 114,419 | $5.82M | 0.70% | +114,419 | New |
| Brown Advisory Inc | 113,301 | $5.76M | 0.01% | +6,261+5.8% | Added |
| Carolina Wealth Advisors, LLC | 112,847 | $5.74M | 2.56% | −4,126−3.5% | Reduced |
| Calamos Advisors LLC | 111,232 | $5.66M | 0.02% | −395−0.4% | Reduced |
| QRG Capital Management, Inc. | 110,286 | $5.61M | 0.06% | −19,045−14.7% | Reduced |
| Brandywine Financial Group | 110,173 | $5.61M | 12.17% | +110,173 | New |
| Callan Family Office, LLC | 108,904 | $5.54M | 0.12% | +46,383+74.2% | Added |
| Lynch Asset Management, Inc. | 108,350 | $5.51M | 1.73% | −350−0.3% | Reduced |
| IMC-Chicago, LLC | 107,215 | $5.46M | 0.10% | −175,955−62.1% | Reduced |
| Headinvest, LLC | 105,748 | $5.38M | 1.07% | −7,316−6.5% | Reduced |
| Bulltick Wealth Management, LLC | 105,742 | $5.38M | 1.14% | −52,146−33.0% | Reduced |
| Fiduciary Trust Co | 104,475 | $5.32M | 0.06% | −18,840−15.3% | Reduced |
| Concurrent Investment Advisors, LLC | 100,685 | $5.12M | 0.06% | +45,955+84.0% | Added |
| Greenfield Seitz Capital Management, LLC | 100,378 | $5.11M | 1.68% | +3,418+3.5% | Added |
| Laird Norton Trust Company, LLC | 100,155 | $5.10M | 0.11% | +100,155 | New |
| LMR Partners LLP | 100,000 | $5.09M | 0.05% | +98,594+7,012.4% | Added |
| Grimes & Company, Inc. | 99,620 | $5.07M | 0.12% | −14,132−12.4% | Reduced |
| Aperture Investors, LLC | 99,121 | $5.04M | 0.70% | 00.0% | Unchanged |
| Teamwork Financial Advisors, LLC | 98,666 | $5.02M | 0.53% | +69,120+233.9% | Added |
| Skopos Labs, Inc. | 96,832 | $4.98M | 0.23% | +63,580+191.2% | Added |
| Round Hill Asset Management | 97,660 | $4.97M | 3.13% | +21,935+29.0% | Added |
| Quadrant Capital Group LLC | 94,683 | $4.82M | 0.15% | +10,341+12.3% | Added |
| Level Four Advisory Services, LLC | 94,126 | $4.79M | 0.16% | −65,681−41.1% | Reduced |
| Biondo Investment Advisors, LLC | 93,371 | $4.75M | 0.57% | −5,119−5.2% | Reduced |
| New York State Common Retirement Fund | 92,956 | $4.73M | 0.01% | −7,788−7.7% | Reduced |
| XXEC, Inc. | 92,835 | $4.72M | 4.72% | −6,240−6.3% | Reduced |
| Nicholas Company, Inc. | 90,890 | $4.62M | 0.08% | 00.0% | Unchanged |
| Banco Santander, S.A. | 90,564 | $4.61M | 0.03% | +5,997+7.1% | Added |
| Acadian Asset Management LLC | 89,729 | $4.56M | 0.01% | −129,455−59.1% | Reduced |
| Korea Investment CORP | 89,531 | $4.56M | 0.01% | +13,391+17.6% | Added |
| Capital International Inc | 87,935 | $4.47M | 0.04% | −145,643−62.4% | Reduced |
| Fortis Group Advisors, LLC | 75,204 | $4.47M | 0.75% | +62,771+504.9% | Added |
| Private Advisor Group, LLC | 87,770 | $4.47M | 0.02% | +6,672+8.2% | Added |
| Wiley Bros.-Aintree Capital, LLC | 86,172 | $4.47M | 0.02% | +20,200+30.6% | Added |
| Brinker Capital Investments, LLC | 87,224 | $4.44M | 0.03% | −39,114−31.0% | Reduced |
| Banque Pictet & Cie SA | 86,648 | $4.41M | 0.04% | +35,142+68.2% | Added |
| Lester Murray Antman dba SimplyRich | 86,247 | $4.39M | 1.15% | +1,626+1.9% | Added |
| GWM Advisors LLC | 86,011 | $4.38M | 0.02% | +2,234+2.7% | Added |
| Todd Asset Management LLC | 83,329 | $4.24M | 0.08% | +21,957+35.8% | Added |
| Marietta Investment Partners LLC | 82,999 | $4.22M | 0.84% | −16,311−16.4% | Reduced |
| Wedbush Securities Inc | 82,964 | $4.22M | 0.12% | −2,730−3.2% | Reduced |
| Teachers Retirement System of the State of Kentucky | 82,740 | $4.21M | 0.03% | +21,800+35.8% | Added |
| Marathon Capital Management | 82,705 | $4.21M | 0.91% | +25,230+43.9% | Added |
| Eastern Bank | 82,377 | $4.19M | 0.07% | −8,891−9.7% | Reduced |
| Caption Management, LLC | 80,171 | $4.08M | 0.18% | +80,171 | New |
| Arkadios Wealth Advisors | 79,544 | $4.05M | 0.08% | +46,743+142.5% | Added |
| Brookmont Capital Management | 78,859 | $4.01M | 2.32% | +10.0% | Added |
| St Germain D J Co Inc | 78,533 | $4.00M | 0.16% | −808−1.0% | Reduced |
| Kanen Wealth Management LLC | 75,500 | $3.96M | 1.23% | +75,500 | New |
| CWA Asset Management Group, LLC | 76,993 | $3.92M | 0.14% | +43,793+131.9% | Added |
| M&T Bank Corp | 76,319 | $3.88M | 0.01% | −2,465−3.1% | Reduced |
| Intesa Sanpaolo Wealth Management | 75,600 | $3.85M | 0.80% | +75,600 | New |
| Borer Denton & Associates, Inc. | 75,532 | $3.84M | 1.30% | −6,687−8.1% | Reduced |
| Sivik Global Healthcare LLC | 75,000 | $3.82M | 1.86% | +75,000 | New |
| Quantitative Investment Management, LLC | 74,969 | $3.81M | 0.37% | −123,730−62.3% | Reduced |
| Ipswich Investment Management Co., Inc. | 73,898 | $3.76M | 0.87% | −1,097−1.5% | Reduced |
| Eagle Global Advisors LLC | 73,851 | $3.76M | 0.14% | −3,347−4.3% | Reduced |
| Nilsine Partners, LLC | 73,651 | $3.75M | 0.32% | +97+0.1% | Added |
| Capital Investment Counsel, LLC | 73,253 | $3.73M | 0.52% | +73,253 | New |
| Rathbone Brothers plc | 73,138 | $3.72M | 0.01% | +32,270+79.0% | Added |
| Farther Finance Advisors, LLC | 73,101 | $3.72M | 0.04% | −9,036−11.0% | Reduced |
| Peapack Gladstone Financial Corp | 73,091 | $3.72M | 0.05% | −25,083−25.5% | Reduced |
| Americana Partners, LLC | 70,807 | $3.60M | 0.10% | +12,464+21.4% | Added |
| Strategic Planning, Inc. | 70,653 | $3.59M | 1.94% | +70,653 | New |
| Pinnacle Associates Ltd | 70,491 | $3.59M | 0.05% | +19,469+38.2% | Added |
| Third View Private Wealth, LLC | 70,075 | $3.57M | 0.48% | +70,075 | New |
| Hara Capital LLC | 69,954 | $3.56M | 1.98% | +23,537+50.7% | Added |
| NewEdge Wealth, LLC | 69,766 | $3.55M | 0.04% | −2,476−3.4% | Reduced |
| Lafayette Investments, Inc. | 69,138 | $3.52M | 0.66% | +293+0.4% | Added |
| KMG Fiduciary Partners, LLC | 68,937 | $3.51M | 0.25% | −1,112−1.6% | Reduced |
| Guardian Partners Inc. | 74,540 | $3.51M | 0.28% | −59,823−44.5% | Reduced |
| BLKBRD Asset Management, LP | 67,544 | $3.44M | 4.62% | −211,470−75.8% | Reduced |
| Avidity Partners Management LP | 67,300 | $3.42M | 0.99% | +67,300 | New |
| Perigon Wealth Management, LLC | 67,208 | $3.42M | 0.06% | +18,833+38.9% | Added |
| Mengis Capital Management, Inc. | 66,694 | $3.39M | 0.60% | +50,154+303.2% | Added |
| Hantz Financial Services, Inc. | 66,465 | $3.38M | 0.05% | +9,039+15.7% | Added |
| Azzad Asset Management Inc | 65,646 | $3.34M | 0.33% | +479+0.7% | Added |
| Atwater Malick LLC | 64,886 | $3.30M | 0.91% | −6,561−9.2% | Reduced |
| EagleClaw Capital Managment, LLC | 64,650 | $3.29M | 0.48% | +500+0.8% | Added |
| Hohimer Wealth Management, LLC | 63,763 | $3.24M | 0.44% | +35,381+124.7% | Added |